Sirius XM reports Q1 EPS 6c, consensus 7c

Reports Q1 revenue $2.14B, consensus $2.17B. "Our performance in the first quarter — underscored by our sustained low churn, high customer satisfaction, and strong margins – exceeded our expectations at the beginning of the year and strengthened our confidence to raise our financial guidance for the year. SiriusXM continues to demonstrate the enduring power of our premium audio services, differentiated programming, and our unique position in the audio entertainment market. We are modernizing our technology suite to bring more value to existing and new audiences as we help connect listeners to incredible moments happening on our air every day. We expect our next generation SiriusXM experience will bolster our business in the years to come, and at the same time, we are taking a disciplined approach to reducing costs across the organization," said CEO Jennifer Witz.